This 4H BTC/USD chart presents a bullish setup:
Support Trendline: Price is respecting an ascending support trendline, indicating sustained bullish momentum.
Ichimoku Cloud: Price is trading above the cloud, showing current bullish bias; the cloud also acts as dynamic support.
Buy Setup: A long position is suggested, but confirmation is required—likely a strong bullish candle above the recent structure.
Targets:
1st Target: \~\$112,118
2nd Target: \~\$116,079
Volume: There's moderate volume, but not yet a clear breakout, supporting the “wait for bullish confirmation” note.
If BTC holds above the trendline and breaks the minor resistance around 110,785, the setup could trigger.
Support Trendline: Price is respecting an ascending support trendline, indicating sustained bullish momentum.
Ichimoku Cloud: Price is trading above the cloud, showing current bullish bias; the cloud also acts as dynamic support.
Buy Setup: A long position is suggested, but confirmation is required—likely a strong bullish candle above the recent structure.
Targets:
1st Target: \~\$112,118
2nd Target: \~\$116,079
Volume: There's moderate volume, but not yet a clear breakout, supporting the “wait for bullish confirmation” note.
If BTC holds above the trendline and breaks the minor resistance around 110,785, the setup could trigger.
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Disclaimer
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🟡 TELEGRAM CHANNEL:
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.